Jun 5, 2019
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Bitcoin [BTC] rose by over 50 percent in May alone; did the US-China trade war have anything to do with it?

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Bitcoin [BTC] finished April 2019 in incredible stead, holding on to the bulls that amassed a massive 17 percent daily gain on the second day of the month, with the following month surpassing expectations yet again. Despite May beginning with news of the Binance hack, the month saw the king coin rise by over 50 percent, while two pivotal players of the cryptocurrency world engaged in a modern war, the United States and China.

With no clear source behind the price rise and the bulls persisting in their rage, economist and cryptocurrency analyst Alex Krüger, analyzed the online chatter in the two giants, while looking at Bitcoin’s price rise during the ongoing US-China Trade war. The economist initially laid out Baidu’s [China’s Google equivalent] search history, something which showed that China’s interest in Bitcoin is on the rise, fueled primarily because of the recent price pump.

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